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BSP: Nearly $2-B ‘hot money’ left PH in 2019

FOREIGN portfolio investments remained in the negative territory in December, bringing net outflows for full-year 2019 to $1.90 billion, Bangko Sentral ng Pilipinas (BSP)...

PH economy likely grew 6.6% in Q4 – analyst

THE Philippine economy likely rose faster in the fourth quarter of 2019 on the back of increased household consumption and government spending, as well...

US, China sign ‘momentous’ trade deal

WASHINGTON, D.C.: The United States and China signed a truce in their trade war on Wednesday (Thursday in Manila) after nearly two years of...

DoF chief eyes lower DST, abolition of travel tax

FINANCE Secretary Carlos Dominguez 3rd said on Thursday he was looking to reduce the documentary stamp tax (DST) and abolish the travel tax in...

NIA inks P1.98-billion project contracts

The National Irrigation Administration (NIA) on Thursday said it had signed five project contracts worth P1.98 billion for 2020, which included the construction of...

BoI-okayed investment pledges up 24%

INVESTMENT pledges approved by the Board of Investments (BoI) grew to P1.14 trillion in 2019, exceeding its full-year target of P1 trillion. Data from the...

PPP still attractive, FMIC says

Despite President Rodrigo Duterte’s dispute with water concessionaires, public-private partnerships remain to be “attractive” for both local and foreign investors, First Metro Investment Corp....

PSEi down on net foreign selling

Investors sold off their positions in the stock market on Thursday as they shifted their focus to Wall Street following the signing of phase...

Taal eruption to raise inflation rate

THE eruption of Taal Volcano earlier this week could accelerate the country’s inflation to as high as 3 percent at the start of the...

OFW remittances hit 5-mo low in Nov

MONEY sent home by overseas Filipino workers (OFWs) fell to their lowest level in five months last November, Bangko Sentral ng Pilipinas (BSP) data...

Jiro Manio, former child actor, nabbed for stabbing man in Marikina

FORMER child actor, Jiro Manio, was arrested for frustrated homicide in Marikina City, police reported on Saturday. Marikina City Police Station (CPS) reported that Manio,...

Ginebra wins PBA Governors’ Cup title

BARANGAY Ginebra captured the PBA Governors’ Cup title, beating the Meralco Bolts, 105-93, in Game 5 of their best-of-seven championship series at the Mall...

Duterte: Gamboa now ‘regular’ PNP chief

PRESIDENT Rodrigo Duterte has picked Lt. Gen. Archie Francisco Gamboa as the new head of the Philippine National Police (PNP). In his speech at the...

Locked down areas in Batangas because of Taal eruption rise to 14 

LOCKED down areas in Batangas have increased to 14 from four as Alert Level 4 remains over Taal volcano, local and disaster officials said...

2 foreign employees nabbed for qualified theft

TWO foreigners were arrested on Thursday night for allegedly stealing money from the company they were working for. Police identified the suspects as Wu Wen,...